2024 TSP Contribution Limit Predicted to Increase

2024 TSP Contribution Limit Predicted to Increase

Recent estimates project that the 2024 TSP annual contribution limit will increase to allow federal employees to save more for retirement.

The annual contribution limit for the Thrift Savings Plan (TSP) will increase by 2.2% in 2024 according to Mercer, a benefits consulting firm that is part of Marsh McLennan.

Both estimates are based on the July CPI-U figures from the government. Click HERE to read more.